SILVER

pitboss

is set to break $31. Will it make it today? only 6 cents to go.

PerryHall

<< <i>is set to break $31. Will it make it today? only 6 cents to go. >>



Don't you mean will it break $31 this year?

derryb

Before 1 pm EST.

jmski52

At $31.00, a roll of ASEs = $620.00

A roll of Franklin Halves = $224.25

A roll of 90% silver dimes = $112.13

A 1962 Proof Set, silver content = $19.06

A 2002 Silver Proof Set, silver content = $47.09

A 5-coin Silver Quarter Proof Set, silver content = $28.03

A roll of Warnicks, silver content = $69.76

A roll of 40% Kennedy Halves, silver content = $91.71

A roll of Morgan Dollars = $479.53

A roll of 40% Silver Ikes, silver content = $196.08

Times have sure changed.......

roadrunner

I'm surprised that JPM, HSBC and the others are going to let silver close >$30 for the year end....not to mention gold>$1400 as well. They have a lot of work left to do to get those numbers down before the close today.

Silver forming a nice pennant just under $31. Looks like it will break out to $31 shortly.

roadrunner

Meltdown

I just bought a 5oz piece this morning for $155 - at the time, silver was $30.80.

johnny9434

<< <i>At $31.00, a roll of ASEs = $620.00

A roll of Franklin Halves = $224.25

A roll of 90% silver dimes = $112.13

A 1962 Proof Set, silver content = $19.06

A 2002 Silver Proof Set, silver content = $47.09

A 5-coin Silver Quarter Proof Set, silver content = $28.03

A roll of Warnicks, silver content = $69.76

A roll of 40% Kennedy Halves, silver content = $91.71

A roll of Morgan Dollars = $479.53

A roll of 40% Silver Ikes, silver content = $196.08

Times have sure changed....... >>



they sure are some amazing prices. i never thought id see that again

pitboss

Well, it came within 2 cents but then slid back a few more cents.

RGJohn

<< <i>At $31.00, a roll of ASEs = $620.00

A roll of Franklin Halves = $224.25

A roll of 90% silver dimes = $112.13

A 1962 Proof Set, silver content = $19.06

A 2002 Silver Proof Set, silver content = $47.09

A 5-coin Silver Quarter Proof Set, silver content = $28.03

A roll of Warnicks, silver content = $69.76

A roll of 40% Kennedy Halves, silver content = $91.71

A roll of Morgan Dollars = $479.53

A roll of 40% Silver Ikes, silver content = $196.08
>>



I am curious regarding your calculations. I seem to get about 98% of the values that you quote in several cases but wildly different ones in others. For instance, in the case of the 2002 silver proof set I calculate that the set contains $1.85 FV of 90% silver. I multiply the FV times 0.715 times the spot ( $31 in this case). I get $41.00. Then I add the clad coinage face value and I get 41.00 plus 1.06 or $42.06 for a total value. In this case I have calculated a value that is only 89% of yours. As I am offering to sell elsewhere at this site based upon my calculations, either you had ought to buy and quickly or I had ought to raise my prices and pronto! What's up? Could you explain your methodology please?
Thanks in advance. I have frequently found myself enjoying your contributions here and I certainly mean no offense or slight. Just trying to iron out a wrinkle that is bothering me.
Regards,
John K.

pitboss

Well, silver is set to open up again for a full week of positive gains (hopefully).

Any thoughts?

OnlyGoldIsMoney

<< <i>Well, silver is set to open up again for a full week of positive gains (hopefully).

Any thoughts? >>



I will be happy if silver holds $30. We're due IMO for a Monday morning smackdown.

jmski52

I am curious regarding your calculations. I seem to get about 98% of the values that you quote in several cases but wildly different ones in others. For instance, in the case of the 2002 silver proof set I calculate that the set contains $1.85 FV of 90% silver. I multiply the FV times 0.715 times the spot ( $31 in this case). I get $41.00. Then I add the clad coinage face value and I get 41.00 plus 1.06 or $42.06 for a total value. In this case I have calculated a value that is only 89% of yours.

John K - You caught my error. I was figuring an extra quarter in my calculations. Thus I would make this correction - A 2002 silver proof set contains $1.85 face of 90% silver with no wear. Therefore, I multiply $1.85 x 0.7234 = 1.3383 oz. x $31.00/oz. = $41.49. My post specifies silver content, and I disregard the non-silver in my calculations and in my table.

Thanks for the heads-up!

For proof silver, I would use the specification silver content of 0.7234. (On the above calculations, I think that I assumed BU rolls and thus used 0.7234). For bags of circulated 90%, I would use 0.715.

RGJohn

Thanks for the clarification and now we're on the same page. You're probably correct about which multiplier is correct for the proof versus ciculated coinage. I have more than an academic interest in the question as I have several current offerings to sell silver proof sets on the BST, basically at melt plus claddage face value. As I told one interested potential purchaser, I hope I ain't slitting my own throat here but as I had actually opened every set and recorded the contents I was pretty sure I had it correct.
Thanks again and regards,
John K.